Long-Term Assets Are $5,000,current Liabilities Are $700,and Long-Term Liabilities Are

question 134

Multiple Choice

Long-term assets are $5,000,current liabilities are $700,and long-term liabilities are $3,000.If the current ratio is 3 to 1,then current assets are

• A)$9,000.
• B)$6,900.
• C)$4,300.
• D)$2,100.

---

Definitions:

Longest Recession

A period of extended economic decline longer than usual, marked by a significant reduction in economic activity.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked by significant events shaping modern history.

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power.

Deflation

A decrease in the general price level of goods and services, often resulting in increased purchasing power of the currency.